R20,000,000

Vacant Land Residential for sale in Lynnwood

422 Glenwood Road
7,851m²
The Last High Density Residential Development Opportunity For Sale In Fairie Glen

Res 3 High rise opportunity behind Atterbury Boulevard. Across the road is land proclaimed and used as a park by the council. Excellent location with easy access from Atterbury road via Glenwood Road. Walking distance from Atterbury Boulevard. Ready to start with the development. Density of 62 Dwelling Units. Architect plans and sdp available. Ready to start development on transfer

Bordering this stand is a stand currently zoned for medical consultation. if this zoning is changed to Res 3 which the council should allow another 30 units can additionally be developed. Electricity for the developments has been to be paid. The rest of the bulk services still have to be paid but it is all on the border of the properties.

Property Type
Vacant Land Residential
Stand Size
7,851m²
Reference
2157582
Address
422 Glenwood Road
Property history
Listed for sale at R14,500,000
22 Jun 2023
Price increased by 37.9% to R20,000,000
29 Feb 2024
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